Last week, my son complained of severe stomachache in the midnight which left me worrisome as all hospitals were closed. Thanks to the concept of telemedicine, which my husband reminded me of, I got my son treated well in time. Just the next day, I read about the rise of telemedicine services. It made me ponder the future of telemedicine services in the years ahead. As we all know, telemedicine services have been there for decades, but this year they are all set to rule the healthcare industry. So, in this blog of mine, I will discuss the predictions made for telemedicine services, for which you can thank me later.
To begin with, as per a recent research, “The global telemedicine market is expected to expand at a compound annual growth rate of 14.3% over the next five years, eventually reaching $36.2 billion, compared to $14.3 billion in 2014.” This will open up the horizons of market to the areas that still have not been brought within the ambit of these services.
Secondly, Arthur D. Little has predicted that there will be tremendous growth in telehealth from $400M in 2013 to $4.5B in 2017. Also, the global market for telemedicine itself is expected to increase from $11.6 billion in 2011 to $27.3 billion in 2016.
Thirdly, one study was conducted which involved 8,000 patient care outcomes, all were the users of telemedicine services. Based on their answers, it was found that there was no difference between virtual consultations and in-person visits.
Also, as much as 89% of healthcare executives have propounded that they expect telemedicine services to transform the U.S. health care system in next ten years.
Besides these statistical figures, there are also other reasons that reinforce the beliefs of the rapid growth in telemedicine market. These services have not only benefitted the doctors and hospitals, but have also changed the lives of patients for the better. Today, with the help of telemedicine services, minor as well as critical health problems can be addressed well in time. It not only saves and cost of visiting but also avoids the need of re-admission in hospitals, caters to emergency situations, and a lot other such aspects. So, come 2016 and telemedicine will be the talk of the town.